Prepare a brief plan of how you would commit the fraud

Assignment Help Accounting Basics
Reference no: EM131241753

"Accounting Systems and Accruals" Please respond to the following:

For this eActivity, research the most common threats to a computerized accounting system using the Internet and/or Strayer databases. Be prepared to discuss.

• Upon examination of the greatest threats to a computerized accounting system, suggest two preventive measures or remedies that protect the system and/or mitigate any negative impacts to the system. Provide a rationale for your response.

• Pretend that you are a criminal and want to commit fraud by altering your company's accruals. Create a brief plan (approximately one paragraph in length) of how you would commit the fraud. Predict the major potential resulting damage(s) to the company's financial statements from the fraud.

Reference no: EM131241753

Questions Cloud

Imperfectly competitive market structures : “Finally, it is extremely important to keep in mind that neither Chamberlin nor Robinson was saying that competition no longer existed among producers. The crucial point was that competition among competitors in competitive market structures led to d..
Vectors a and bhave magnitudes : Vectors A and Bhave magnitudes 2.6 and 2.2, respectively, and directions 400 and 800 from positive x, respectively (Vector diagram is mandatory). (a) Find their components (b) Find magnitude C = 0.40 A - 0.60B
Consider two-period model of small open economy : Consider a two-period model of a small open economy with a single good each period. Let preferences of the representative household be described by the utility function ln(C1) + ln(C2), where C1 and C2 denote consumption in periods 1 and 2, respectiv..
What were the influences of the time that shaped the work : Using web sites provided in the lesson, choose two artist's work from different time periods. Write a one page essay that compares and contrasts these works. What were the influences of the time that shaped the work of each artist?
Prepare a brief plan of how you would commit the fraud : Pretend that you are a criminal and want to commit fraud by altering your company's accruals. Create a brief plan (approximately one paragraph in length) of how you would commit the fraud.
Find the ideal mechanical advantage : Find the ideal mechanical advantage and actual mechanical advantage of the plane. Also, Find the coefficient of friction between the box and the plane.
Finite element method and optimization techniques : 49325 CAMD: Computer-Aided Mechanical Design Project. You may apply Finite Element Method and Optimization techniques to any structural mechanical components as a numerical problem or as a practice-based design problem of your own choice
Explain each process and how they relate to one another : Discuss how the SDLC processes are used in health care information system development. Discuss the four methods of development of health care information system standards. How do these methods affect interoperability?
Difference between color-coded and measured values : You suspect that the percent difference between color-coded and measured values could be due to error in the meter. How could you find out if you are correct?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accounts receivable from sales transactions were 45338 at

accounts receivable from sales transactions were 45338 at the beginning of the year and 63068 at the end of the

  Difference between audit and auditing

Define auditing, what is the difference between audit and auditing? Explain the important techniques of auditing.

  Schedule of cost of goods manufactured problem

100 chairs were in process at the end of the year with a cost of $9,000. Each month, Ace paid $2,000 for secretarial services. Ace also paid sales commissions of $100 for each chair sold. (a) What was the cost per chair completed ? (b) Prepare a s..

  Assume that selzer estimates the total cost of servicing

Prepare 2010 entries for Selzer using the expense warranty approach. Assume that Selzer estimates the total cost of servicing the warranties will be $120,000 for 2 years.

  Elysian fields inc uses a maximum payback period of 6 years

elysian fields inc. uses a maximum payback period of 6 years and currently must choose between two mutually exclusive

  Assume the company uses a sales journal

Refer to QS 7-7 and for each of the May transactions identify the journal in which it would be recorded. Assume the company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal as illustrated..

  What fact or piece of information did you learn that was new

Take the "Find Your Fit" assessment under "The profession" menu along the left hand side. What does it suggest as "you early career" type, if you were to go into the accounting field?

  Kody corporation uses a job-order costing system with a

kody corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. at the

  Company net sales-valley company

Problem: Valley Company's adjusted trial balance on August 31, 2015, its fiscal year-end, follows.

  Discuss the need for an accounting standards-setting body

Several not-for-profit organizations use television campaigns to obtain pledges to contribute cash. Some people think that not-for-profit entities should recognize pledges as revenues when the cash is actually received.

  Compute the rate of return of assets

Compute the rate of return of assets.

  If the medical demand ishigh there is favorable mariet for

a group of medical professionals is cosidering theconstruction of a private clincic. if the medical demand ishigh there

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd